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a much smaller number have made their way to greece. this report from lesbos just off the coast of turkey. >> the immigrants who wash ashore on the greek islands are now struggling with their first european winter. they are somalis, afghanistan annies, and, increates -- increasingly, syrians. all at a camp run by volunteers who provide food and shelter the this is ahmed, who has just arrived from aleppo with a vague plan to find his brothner athens. >> our life is destroyed in syria. we cannot stay in syria. the war airplanes float in the sky and bombing the houses, we cannot stay in syria. >> the turkish mainland is not far behind me. it's not far away but the journey is very dangerous. the boats supplied by people smugglers are often old and in bad condition, and at this time be year the seas could be very rough. not everyone makes it across. these were afghanis. more than 20 drowned. here is the only survivor, who was fished half-dead and freezing cold out of the sea by greek coast guards. now trying to call friends and family to tel
a much smaller number have made their way to greece. this report from lesbos just off the coast of turkey. >> the immigrants who wash ashore on the greek islands are now struggling with their first european winter. they are somalis, afghanistan annies, and, increates -- increasingly, syrians. all at a camp run by volunteers who provide food and shelter the this is ahmed, who has just arrived from aleppo with a vague plan to find his brothner athens. >> our life is destroyed in...
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. >> now from the conflict in syria to the new politics of egypt, from protests in greece to the amazing olympics of london, as the year draws to a close, we'll look back at 2012 and some of the event that changed our world. -- event that changed our world -- events that changed our world. >> that was scary, wasn't it? >> that was scary. >> welcome to syria. >> a farmer goes hungry so his children can eat. they only get one soon, so each must wait his turn. -- one spoon, so each must wait his turn. >> for the spiders, the liberation has always been their ultimate goal. -- these fighters, the liberation has always been their ultimate goal. >> week meet members of the country's newest rebel army, known as -- we meet members of the country's newest rebel army, known as m23. this is their main base, about 5 kilometers away. >> some of the most isolated communities and tributaries provide the most surprises. the population of the village is 208. we're reminded that environmental decisions made today can impact the next generation. >> we did find some significant [inaudible] >> ♪ ["gangnam s
. >> now from the conflict in syria to the new politics of egypt, from protests in greece to the amazing olympics of london, as the year draws to a close, we'll look back at 2012 and some of the event that changed our world. -- event that changed our world -- events that changed our world. >> that was scary, wasn't it? >> that was scary. >> welcome to syria. >> a farmer goes hungry so his children can eat. they only get one soon, so each must wait his turn. -- one...
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. >> hundreds of people gathered in athens, greece for the funeral of the 77-year old retired pharmacist who shot and killed himself near the greek parliament building last week after writing a note that blamed his suicide on the economic crisis. his daughter spoke at his funeral and said his act had been deeply political. >> you found it unacceptable that they were killing our freedoms and democracy and dignity. you found it unacceptable as they heartened -- tightened the hard news of the apartheid around us. the acceptable act of surrender our independence and keys to the country. it was unacceptable to you that greece did not acknowledge its children, and the children did not recognize its own country. you found the bestiality of capitalism unacceptable, that it infiltrated our lives, and know and try to stop it, and then you made your decision, to become the fear, the death, the memory, the slope of our ruin the lives. >> 46 days after killing the unarmed african-american teenager trayvon martin, george zimmerman had been detained and charged with second-degree murder in florida. >>
. >> hundreds of people gathered in athens, greece for the funeral of the 77-year old retired pharmacist who shot and killed himself near the greek parliament building last week after writing a note that blamed his suicide on the economic crisis. his daughter spoke at his funeral and said his act had been deeply political. >> you found it unacceptable that they were killing our freedoms and democracy and dignity. you found it unacceptable as they heartened -- tightened the hard news...
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seeing the decisions that are made here in journey but the effects that they have on countries like greece who would sound in athens where in thessaloniki where we've witnessed the. decisions that are made by the most successful eurozone countries what they're having on the poorer countries like greece like italy like spain and the well unfortunate results of the financial crisis on every day people you're reporting from a lot of think of this let's just recall what happened in grace witnessed didn't it the worst civil unrest in europe by far how has life changed for the greeks in twenty twelve. yes we have seen some serious changes to the lifestyle of the every day greek i think one of the most poignant moments of it really was we went to a an orphanage in thessaloniki and we were talking to the organizers the who run the charity that runs they say this over there they were saying this. twelve months ago eighteen months ago the vast majority of people who were the children that were coming to them were they would be an orphan they may perhaps have been abused and now the vast majority of
seeing the decisions that are made here in journey but the effects that they have on countries like greece who would sound in athens where in thessaloniki where we've witnessed the. decisions that are made by the most successful eurozone countries what they're having on the poorer countries like greece like italy like spain and the well unfortunate results of the financial crisis on every day people you're reporting from a lot of think of this let's just recall what happened in grace witnessed...
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>> i put greece out on its own because the magnitude of the downturn in greece has been phenomenal. it's had six recessive years. the loss of income is of the order of 20% to 30% on average. we've had nothing like that in this country. we're almost due to be back next year to where we were in 2007. it's not as though we've had a massive loss of income. so that's a fundamental loss of explanation. there are also cultural differences in some countries there is more of a tradition of having riots. if for instance, you contrast ireland and spain very similar pathologists a problem leading to the downturn. in ireland there were muted protest. in spain we'ved that the indignants who have been on the streets of madrid since 2010. these are the sorts of differences that are the result of different cultural attitude to what's going on. >> it is a different cultural things in history than people have done in the past? >> you would add to that that in spain they got use to a never-ending prosperity. in a decade prior to 2007, spain had been the booming economy of europe. at one stage during th
>> i put greece out on its own because the magnitude of the downturn in greece has been phenomenal. it's had six recessive years. the loss of income is of the order of 20% to 30% on average. we've had nothing like that in this country. we're almost due to be back next year to where we were in 2007. it's not as though we've had a massive loss of income. so that's a fundamental loss of explanation. there are also cultural differences in some countries there is more of a tradition of having...
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what bet the british when they went back into greece in 1944 and started dive-bombing the streets of athen and killing'm residents who fought against the nazis and that's never pointed out. look at what stalin did in poland. he broke this and that. i don't believe he broke yalta. look what the british did. no one ever points to that. and then what we did in greece in 19 -- in the cold war period, the early cold war period in the truman doctrine, we had american advisers in early vietnam, were already over in grease. >> -- over in greece. >> i'm jumping ahead. the british go back the mediterranean get iran back, a conflict in iran in 1945. and beyond that, india is crucial. the jewel of the empire. we show that in the masks, and he gets the far east. its the richest resource in the world. along with britain. not us. and that becomes -- that is a key plot. so, you think from a u.s.-soviet relations. >> three parts cold war in the beginning. most americans have no idea. and had no idea what role the british were playing, but roosevelt did, and roosevelt was very, very critical of the br
what bet the british when they went back into greece in 1944 and started dive-bombing the streets of athen and killing'm residents who fought against the nazis and that's never pointed out. look at what stalin did in poland. he broke this and that. i don't believe he broke yalta. look what the british did. no one ever points to that. and then what we did in greece in 19 -- in the cold war period, the early cold war period in the truman doctrine, we had american advisers in early vietnam, were...
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as an outsider i see what about the british when they went back into greece in 1944 and started bombing the streets of athens and killing the people, the communist resistors that fought against the nazis. the british were ruthless. that is another point. people say look at what stalin did in poland. he broke the altar. i don't believe they did. i will tell you more about that. look what the british did. but we did increase in the cold war period, the early cold war period we and the truman doctrine of 47 to 49, we had american advisers and early vietnam there were already over increase read the the british coal is truly to get back the mediterranean, along the region's coming get iran back in the conflict in iran in 1945. beyond that, it's crucial. we showed that in the beautiful maps. he gets to the far east and it is the richest resources around known to britain, not us. so then it isn't -- you can't dhaka the u.s. soviet relations without talking about the british empire. >> here are the three parts of the cold war in the beginning. most americans have no idea. and they have no idea
as an outsider i see what about the british when they went back into greece in 1944 and started bombing the streets of athens and killing the people, the communist resistors that fought against the nazis. the british were ruthless. that is another point. people say look at what stalin did in poland. he broke the altar. i don't believe they did. i will tell you more about that. look what the british did. but we did increase in the cold war period, the early cold war period we and the truman...
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reactions i mean we seen the riots in greece and italy and spain and you know the the eurozone that many people have been saying for ages now has just been going down the drain is anyone being held to account yet. the only people paying for this are savers and pension holders who are being forced to get only one percent or less on their savings they're the ones who are subsidizing all these bailouts they're the ones who are paying for all these bailouts and those people are getting angrier by the day as we see more quantitative easing and more bailouts are forcing money from savers of hardworking savers into the pockets of the speculator and the banks that are that's the that's where we're seeing this money and those people are getting angrier by the day i mean so many people are getting angrier by the day but now in the united states there's almost a moment of desperation a lot of people talking about this so-called a fiscal cliff kevin and i do know that the american president is due to make a statement in the next several hours from now saying that they could be they could be toward s
reactions i mean we seen the riots in greece and italy and spain and you know the the eurozone that many people have been saying for ages now has just been going down the drain is anyone being held to account yet. the only people paying for this are savers and pension holders who are being forced to get only one percent or less on their savings they're the ones who are subsidizing all these bailouts they're the ones who are paying for all these bailouts and those people are getting angrier by...
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i want to turn around the spending problem we have that will prevent us from becoming greece, and if you will lead, i will follow, and yes, i will raise more revenue in a responsible way, but without you, it's going to be hard for us to get there. so the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the president because he signed a bill that will save all of us from a certain fate. and our fate is being sealed as i talk unless we make changes. we cannot survive on the course we're taking today. the good news is with some bipartisanship and presidential leadership, we still have time to turn around this country and actually dominate the 21st century. it's going to take some pain, it's going to take some sacrifice, but one final story. when i was 21, my mom died. when i was 22, my dad died 15 months later. we were in -- my family owned a liquor store, a restaurant and a pool room, and everybody i k
i want to turn around the spending problem we have that will prevent us from becoming greece, and if you will lead, i will follow, and yes, i will raise more revenue in a responsible way, but without you, it's going to be hard for us to get there. so the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the...
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greece is number 34. so we have more of everything than greece does. so that remarkable fearmongering about debt, which republicans are putting in, is what part of the problem is. greg, there -- the debt concern in america is real. it is real. it is nowhere near as real as people like rand paul need to make it sound. greece can't issue its own bonds. america can. there is about zero chance -- in fact, i have more chance of growing hair than the u.s. has of defaulting on its debt. i think this is ridiculous and we have to point out that a lot of these republicans, particularly tea party republicans, are making these statements that are simply not true. the u.s. stands no chance of defaulting on its debt anytime in your or my lifetime. >> i think i agree with you on almost all of that. i think it's worth pointing out there is a point in here the republicans are raising, which is a good one. if the deal goes through, as it's been written, the impact on long-term deficits is negligible. the debt is still on an unsustainable rising path. we've made no meani
greece is number 34. so we have more of everything than greece does. so that remarkable fearmongering about debt, which republicans are putting in, is what part of the problem is. greg, there -- the debt concern in america is real. it is real. it is nowhere near as real as people like rand paul need to make it sound. greece can't issue its own bonds. america can. there is about zero chance -- in fact, i have more chance of growing hair than the u.s. has of defaulting on its debt. i think this...
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but upper income americans and the sad news is we have accomplished little, in terms of not becoming greece, that bill will not affect the debt situation and it will be a a political victory for the president and i hope we have courage of our convictions, when it comes to raise the debt ceiling to fight what we believe as republicans. hats off to the president, he won. >> chris: quick follow-up, before we turn to senator feinstein, you said you don't think your conservative colleagues in the senate will filibuster or set up a procedural roadblock, they'll vote to avoid going over the cliff. >> if mcconnell can't get 60% of us to vote for the deal it will be hard for boehner to get through the house and i will want to vote for it, though i don't like it them. country has a lot to the stake here. >> chris: senator feinstein, is senator graham right, will we get a deal. >> he's partially right. yesterday, 2.1 million americans lost extended unemployment insurance. and, from this point on, it is lose-lose. my big worry, is, a contraction of the economy. the loss of jobs, which could be well ove
but upper income americans and the sad news is we have accomplished little, in terms of not becoming greece, that bill will not affect the debt situation and it will be a a political victory for the president and i hope we have courage of our convictions, when it comes to raise the debt ceiling to fight what we believe as republicans. hats off to the president, he won. >> chris: quick follow-up, before we turn to senator feinstein, you said you don't think your conservative colleagues in...
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spain had millions on the street at a time demanding the government stop cuts and demos continued in greece who got a forty four billion euro bailout masses were met with heavy handed policing in most countries across the e.u. which was awarded a nobel peace prize in twenty trials i am right. they ultimately if there are too many protests won't be to be able to afford the policemen on the streets and therefore we could actually end up not so much with a violent reaction from government but there's actually a danger of an arche because government itself may break down the crowd is. not the case in the us where the occupy movement lost momentum this year corporate back media and authorities managed to dull demonstrations demanding economic equality and responsibility is one of a party there where you know you wait for occupy to expand from its needs and from that. you know usually you write it by the elites as a bunch of anarchist story or skewed in schools though how do they seem better to do it is to organize themselves to to something the group is promising in twenty thirteen with some pre
spain had millions on the street at a time demanding the government stop cuts and demos continued in greece who got a forty four billion euro bailout masses were met with heavy handed policing in most countries across the e.u. which was awarded a nobel peace prize in twenty trials i am right. they ultimately if there are too many protests won't be to be able to afford the policemen on the streets and therefore we could actually end up not so much with a violent reaction from government but...
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and it's a case of another day another scandal twelve million euros missing from greece's tourist industry just when the country needs it most we report on who's to blame at our t.v. dot com. while the so-called fiscal cliff deadline hangs heavy there is still no deal in signed between the firmly entrenched republicans and democrats millions of americans stand to see their taxes go up dramatically on new year's day but the sticking points holding up negotiations are the rates for the rich the republicans are rejecting any deal that would see those taxes rise while the democrats insist the wealthy could pay a little bit more charlie mcgrath founder of wide awake news says it's ironic is that the u.s. is the main parties have difficulty reaching a deal on policies to aid the nation's poor but had little trouble agreeing on the defense budget. when the cameras are on you know if they're on the red team they're coming out there saying it's the welfare. of people on food stamps or the people in extended unemployment benefits if they're on the blue team they're coming out and trying to get their
and it's a case of another day another scandal twelve million euros missing from greece's tourist industry just when the country needs it most we report on who's to blame at our t.v. dot com. while the so-called fiscal cliff deadline hangs heavy there is still no deal in signed between the firmly entrenched republicans and democrats millions of americans stand to see their taxes go up dramatically on new year's day but the sticking points holding up negotiations are the rates for the rich the...
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and it's a case of another day another scandal as twelve million euros go missing from greece's tourist industry just when the country needs of the most we report on who's to blame at our to dot com. the end of the year in iran is being marked by massive naval drills held in the strait of hormuz and one of the world's busiest oil shipping routes submarines warships and jet fighters are taking part with the aim of proving tehran is well equipped to defend its maritime borders the maneuvers that come as the west builds up pressure over iran's nuclear program piling on sanctions against the country iran warned a few months ago that it could have blocked the strait but its navy commanders say that's not on the agenda now professor side mohammad marandi from tehran university explains why the iranians don't think there's any danger of a military confrontation in the near future. in the sense that western countries are brutal and uncivilized enough to carry out an attack i think that that's clear to iran in the fact that western countries are imposing sanctions and bargo on on iran they're tr
and it's a case of another day another scandal as twelve million euros go missing from greece's tourist industry just when the country needs of the most we report on who's to blame at our to dot com. the end of the year in iran is being marked by massive naval drills held in the strait of hormuz and one of the world's busiest oil shipping routes submarines warships and jet fighters are taking part with the aim of proving tehran is well equipped to defend its maritime borders the maneuvers that...
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it's a case of another day another scandal is twelve year olds goes missing from the greece is a tourist industry just when the country needs it most we report on who's to blame and argued. in britain people are told by leaders that we're all in it together when it comes to sharing the pain of austerity but try telling that to people living in the north east of england who believe their region is suffering more than the rest of the u.k. as first discovered they feel they're being left to suffer alone amid factory closures and rising unemployment. as he'll saying impressing gays it's grim up north it's a perception of life in some of the nations of the major cities recessions hit the case hard it's been in the northeast where it's been felt particularly acutely trade union leader about scots furious with the government's decision to close sunderland's rentboy factory it's a government venture that began back in the 1940's to provide employment the people with disabilities two weeks before christmas the government announced that they were going to close the package in factories and it leav
it's a case of another day another scandal is twelve year olds goes missing from the greece is a tourist industry just when the country needs it most we report on who's to blame and argued. in britain people are told by leaders that we're all in it together when it comes to sharing the pain of austerity but try telling that to people living in the north east of england who believe their region is suffering more than the rest of the u.k. as first discovered they feel they're being left to suffer...
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i want to turn around the spending problem we have that will prevent us from becoming greece, and if you will lead, i will follow, and yes, i will raise more revenue in a responsible way, but without you, it's going to be hard for us to get there. so the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the president because he signed a bill that will save all of us from a certain fate. and our fate is being sealed as i talk unless we make changes. we cannot survive on the course we're taking today. the good news is with some bipartisanship and presidential leadership, we still have time to turn around this country and actually dominate the 21st century. it's going to take some pain, it's going to take some sacrifice, but one final story. when i was 21, my mom died. when i was 22, my dad died 15 months later. we were in -- my family owned a liquor store, a restaurant and a pool room, and everybody i k
i want to turn around the spending problem we have that will prevent us from becoming greece, and if you will lead, i will follow, and yes, i will raise more revenue in a responsible way, but without you, it's going to be hard for us to get there. so the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the...
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and it's the same thing that we're seeing happening in europe here we've seen it happen in spain and greece these massive austerity programs slashing spending and what's happening to their economies they're shrinking they're shrinking they're shrinking another recession another recession and yet we're about to embark on the same exact austerity here in the united states which is just completely mind boggling yeah really really interesting and we did hear just a little while ago from president obama i want to play just a little bit of what he had to say. preventing that tax hike as been my top priority because the last thing folks like the folks up here on this stage can afford right now is to pay an extra two thousand dollars in taxes next year middle class families can't afford it businesses can't afford it our economy can't afford it today it appears that an agreement to prevent this new year's tax hike is within sight but it's not done there are still issues left to resolve but we're hopeful that congress can get it done but it's not done now as expected he's been criticized by several r
and it's the same thing that we're seeing happening in europe here we've seen it happen in spain and greece these massive austerity programs slashing spending and what's happening to their economies they're shrinking they're shrinking they're shrinking another recession another recession and yet we're about to embark on the same exact austerity here in the united states which is just completely mind boggling yeah really really interesting and we did hear just a little while ago from president...
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this is a live look at athens, greece -- >> as the clock struck midnight or 6:00 a.m. eastern time, fireworks erupted over auckland. >>> and to new york, the big apple always nose how to do it up right. folks are already picking out that spot to watch the ball drop. 1 million people are expected to cram the streets. >>> a more family-friendly way, you can head over to alexandria's first night celebration. darcy spencer is live in alexandria, where they're getting ready for a big night. good evening, darcy. >> angie, i think they did not have fireworks last year. do you remember that? >> i do. >> reporter: there were problems because of fire safety, so fireworks went away for a few years. they are back this year, but they are going to be on the potomac. i'm expecting a lot of people, because they are expecting back. also something new this year. these food trucks, first time they're having these, right along cameron street. very popular here. people are already lining up to get their food off the food trucks. >>> just a few minutes ago, people inside, buying their badge
this is a live look at athens, greece -- >> as the clock struck midnight or 6:00 a.m. eastern time, fireworks erupted over auckland. >>> and to new york, the big apple always nose how to do it up right. folks are already picking out that spot to watch the ball drop. 1 million people are expected to cram the streets. >>> a more family-friendly way, you can head over to alexandria's first night celebration. darcy spencer is live in alexandria, where they're getting ready...
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, and the next president will inherit the kind of situation that today characterizes come by once a greece, too extreme, but i would say italy. holy irresponsible for any republican member of the house of representatives to vote for the package that mitch mcconnell is negotiating on their behalf without their leaders present. it is a ridiculous package. it does not work, and it will solve our long-term debt problems. gerri: i never have to guess at what you think. you are always clear isabela and entertaining. thank you for coming out tonight. have a great new year. >> happy new year. gerri: no votes in the house tonight. meanwhile, we go off the cliff tomorrow. it does not applicable be a happy new year. our political panel place the blame game next. ♪ [hip-hop music] ♪ - ♪ what's wrong with the world, mama ♪ ♪ people livin' like they ain't got no mamas ♪ ♪ i think the whole world's addicted to the drama ♪ ♪ only attracted to the things that'll bring the trauma ♪ ♪ where is the love - ma'am. - [gasps] - you forgot your purse. - oh. thank you. thank you very much. ger
, and the next president will inherit the kind of situation that today characterizes come by once a greece, too extreme, but i would say italy. holy irresponsible for any republican member of the house of representatives to vote for the package that mitch mcconnell is negotiating on their behalf without their leaders present. it is a ridiculous package. it does not work, and it will solve our long-term debt problems. gerri: i never have to guess at what you think. you are always clear isabela...
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. >> you left out of that rant "just like greece." >> the first time for attorney general to be held in contempt. >> this is issa with a political move. >> this will be a witch hunt. if you get more it's an intervention. >> the water just now breaching over the sand dunes. >> hurricane sandy, superstorm that meteorologists call a once in a lifetime occurrence. >> the whole coast has been devastated. >> the number of ambulances for people who showed up to move the children is remarkable. >> the loss is emotional and memories. loss comes in many forms. ♪ ♪ notice ♪ ♪ ♪ ♪ >> greg: andrew breitbart died this morning at 43. publisher, activist and commentator. but that says nothing about this force of nature. he was a big kid who treated his opponents like humans. never about people. it was always about principles. >> the u.s. has just evacuated all personnel from benghazi to tripoli. >> this was a concerted effort, well organized. heavily armed. >> the american president and secretary of state and everybody else in the administration saying louddy it was because of the video.
. >> you left out of that rant "just like greece." >> the first time for attorney general to be held in contempt. >> this is issa with a political move. >> this will be a witch hunt. if you get more it's an intervention. >> the water just now breaching over the sand dunes. >> hurricane sandy, superstorm that meteorologists call a once in a lifetime occurrence. >> the whole coast has been devastated. >> the number of ambulances for people...
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they did it with greece and the fiscal compact and the uk v vetoing the agreements. you can put it back together again. but there's an enormous amount of damage, a lack of credibility and a feeling of lack of investor confidence that's taken place during that process. and to your very point, let's look at this for a second. we have the fiscal cliff. you then have the debt ceiling. don't forget the debt ceiling. then you go back to the middle of 2013. by the time you get to it, you're back to a budget impass once again. so you're right, it's perpetual cliffs and falls and slowdowns. >> that just is not very heartening, my friend. so why is the u.s. stock market having one of the best years, one of the ten best years ever? >> that's an easy one. firstly, very low. 2008, look at the graph. and it's gone like that all the way down and it's come back up again and equities remain cheap. bonds weren't doing that much. it was a perfect opportunity to take advantage of certain special situations. but don't be fooled. there's an element of scotch missed about this. the first w
they did it with greece and the fiscal compact and the uk v vetoing the agreements. you can put it back together again. but there's an enormous amount of damage, a lack of credibility and a feeling of lack of investor confidence that's taken place during that process. and to your very point, let's look at this for a second. we have the fiscal cliff. you then have the debt ceiling. don't forget the debt ceiling. then you go back to the middle of 2013. by the time you get to it, you're back to a...
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the only thing you left out of that wrap is just like greece. >> the first time an attorney general to be held in contempt. >> and the vote that the house republicans want is a political vote. >> they played a bad hand, right now it's going to be a witch hunt. if you get more then it becomes intervention. >> the water has just now breached over the sand dunes. >> hurricane sandy a superstorm meteorologists are calling a once in a lifetime occurrence. the whole coast is devastated. >> the number of ambulances to move these children is remarkable. >> and lost homes in many forms-- ♪ ♪ >> andrew breitbart died this morning, he was 43. he was a publisher, an activist and a commentator, but that says almost nothing about this force of nature. he was a big kid who treated his opponents like humans. it was never about people, it was always, always about principles. . >> the u.s. has just evacuated all personnel from benghazi to tripoli. >> this was something that was a concerted effort, well organizationed, heavily armed. >> you have the american president, the secretary of state and ever
the only thing you left out of that wrap is just like greece. >> the first time an attorney general to be held in contempt. >> and the vote that the house republicans want is a political vote. >> they played a bad hand, right now it's going to be a witch hunt. if you get more then it becomes intervention. >> the water has just now breached over the sand dunes. >> hurricane sandy a superstorm meteorologists are calling a once in a lifetime occurrence. the whole...
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number three in europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership didn't stop constant violent protests, staged by those facing loss of jobs, pay cuts, higher taxes, as their weary government begs for more cash. >> europe's leaders including the new french president committed to save the euro. it lives on. but for how long? number two -- >> the deadliest month to date as the assad regime intensified its use of air power. one of the questions most asked in 2012 was how much longer can this man hold on to power. bashar al assad was under ever more intense pressure to step down. but his regime stepped up the firepower against the opposition. civilians caught in the crossfire. more than 40,000 people have died so far. >> this is another red line. the opposition fights on, making more dramatic gains than ever. and gaining pledges of additional support from the international community. number one, she fought back from the brink of death after being attacked on a school bus. the taliban shot her in the head because she
number three in europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership didn't stop constant violent protests, staged by those facing loss of jobs, pay cuts, higher taxes, as their weary government begs for more cash. >> europe's leaders including the new french president committed to save the euro. it lives on. but for how long? number two -- >> the deadliest month to date as the assad regime intensified its use...
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the fact that it's a, greece exiting the eurozone is going to drag down the euro with it. i don't think that's the way you want to play that this coming year. the euro is supported by trade and investment flows, they keep it on an even keel. where you want to focus are on those currencies that have an interest rate advantage, you focus on those currencies that have export-led growth, particularly those that are linked to commodities. i like the canadian dollar for 2013, and the emerging market space i also like the south african rand, a large producer, of course, of precious metals. liz: okay, north of the border, i get that, but you're looking at a south african rand where there is a gyrating political climate sometimes there. you have strikes at the very metal mines and natural resource mines that people talk about. why do you feel that that's sort of a play that people might be at least considering? >> well, i think that as the u.s. dollar we cannens on improving -- weakens on improving conditions this year, that helps to buoy commodity prices, okay? that is good for in
the fact that it's a, greece exiting the eurozone is going to drag down the euro with it. i don't think that's the way you want to play that this coming year. the euro is supported by trade and investment flows, they keep it on an even keel. where you want to focus are on those currencies that have an interest rate advantage, you focus on those currencies that have export-led growth, particularly those that are linked to commodities. i like the canadian dollar for 2013, and the emerging market...
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all those predictions were -- >> they were playing ridiculously low rates in greece too. it's a dollar bubble. it's a treasury bond bubble. will it burst in 2013? maybe. it's going to burst eventually. it has to burst. >> peter, it's not a model. it's not a model to say something bad will happen eventually. >> your model about being a pollyanna and having your head in the sand -- >> it's not. >> how did you miss the financial crisis? >> i have no idea what you're talking about, peter. i have no idea what you're talking about. i was one of the first reporters to report on the housing and the mortgage crisis. i'll show you the clips. >> you were one of the guys laughing on me when i was report -- >> like a lot of what you say is ridiculous. >> guys, guys. [ overlapping speakers ] >> time-out. >> something bad will happen eventually, peter. >> time-out guys. i have a question for you peter. you're predicting currency crisis and significant depreciation of the u.s. dollar. what is the money going to? what is a good alternative currency? >> there is no good alternative. gold i
all those predictions were -- >> they were playing ridiculously low rates in greece too. it's a dollar bubble. it's a treasury bond bubble. will it burst in 2013? maybe. it's going to burst eventually. it has to burst. >> peter, it's not a model. it's not a model to say something bad will happen eventually. >> your model about being a pollyanna and having your head in the sand -- >> it's not. >> how did you miss the financial crisis? >> i have no idea what...
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when you look at how much we are spending we are similar to spain and greece. it is not a pretty scenario. >> tell me this what happens when we judge up against it? >> everybody starts wondering when we are going to raise the debt ceiling. there's a debate because they don't like to. then you have all of wall street looking at this wondering if we will be able to pay our bills. you remember what happened last time around the market sold off 2,000 points over the 2 month period. it was dramatic and hurt people's 401 k's. if you can't pay your bills you get a downgrade. >> again. >> it's not going to be good news. you know what happens you can't borrow as much money. >> that's what happens to me. >> it costs you more to borrow. all of us coming together it will be -- it could be we would be watching none of this would come to a surprise fell off the market every single day. they know what's happening. they know what's going on. it's not a surprise but nobody likes to see it. >> when they raise the debt ceiling is that to pay off debt already accrued. >> the money
when you look at how much we are spending we are similar to spain and greece. it is not a pretty scenario. >> tell me this what happens when we judge up against it? >> everybody starts wondering when we are going to raise the debt ceiling. there's a debate because they don't like to. then you have all of wall street looking at this wondering if we will be able to pay our bills. you remember what happened last time around the market sold off 2,000 points over the 2 month period. it...
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so, remember, the debt per person in this country is $15,000 per person higher than it is in greece. so, we're not far from that position, and what we have to have is some realistic leadership that says let's think long term. everybody's going to have to sacrifice. there's not a problem we can't solve if we all work together, and we can do it, but everybody's going to have to have some pain. but let's think about the long term. let's quick thinking about the republican or democrat party. let's start thinking about the country. >> yeah. >> and that's what we're not seeing in leadership. >> michael -- >> everybody wants their own advantage, and so you hear all these sharp words coming out of different politicians about how bad the last guy is. what we ought to say is let's get the process moving. let's put it on the floor. why didn't we put -- you know, we wanted to put simpson/bowles on the floor. >> thank you. >> i want to see that. >> couldn't get it. >> michael, i know you're next. hold on one second, though. tom, senator, if the president showed up on capitol hill and rolled up hi
so, remember, the debt per person in this country is $15,000 per person higher than it is in greece. so, we're not far from that position, and what we have to have is some realistic leadership that says let's think long term. everybody's going to have to sacrifice. there's not a problem we can't solve if we all work together, and we can do it, but everybody's going to have to have some pain. but let's think about the long term. let's quick thinking about the republican or democrat party. let's...
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he's and comparing us to greece, but either way we'll find out what he's buying. he's joining us live later this hour on the phone. you don't want to miss it. ♪ david: let's get down to basics here. is there any notion of reality still working inside the beltway at all? yesterday the president said the following in terms of what he is doing cutting spending. take a listen. >> if you look at my track record over the last two years, i cut spending by over a trillion dollars in 2011. i campaigned on the promise of being willing to reduce the deficit in the a serious way, in a balanced approach of spending cuts and tax increases over on the wealthy while keeping middle taxes low. david: okay. i don't know if this is fantasy, a wish-list or what but look at this chart but what actually happened with spending since the president came in in 2008. it has gone up by 20 to 25% and it stayed there, year after year. so if we can't agree what has actually happened in terms of spending, how can we agree about what should happen? let's ask former chairman of the president's co
he's and comparing us to greece, but either way we'll find out what he's buying. he's joining us live later this hour on the phone. you don't want to miss it. ♪ david: let's get down to basics here. is there any notion of reality still working inside the beltway at all? yesterday the president said the following in terms of what he is doing cutting spending. take a listen. >> if you look at my track record over the last two years, i cut spending by over a trillion dollars in 2011. i...
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i'm not going to raise the debt ceiling unless we get serious about keeping the country from becoming greece, saving social security and medicare. >> so, what senator graham is essentially outlining is that this is sort of a bargaining chip that the republican party does have. the debt limit today, we reach it, but we can get about another two months before we truly go over. do you agree with that sort of strategy that the debt limit be used as a way to kind of leverage more on the spending side out of the white house and democrats in congress? >> personally, no. i happen to think that when your credit card comes due, you pay the bill, but i can understand the frustration of people like lindsey graham, who's an extremely responsible and very, very good senator, in my opinion, because he wants to get something done. and what we're seeing here is very little action on the spending side of the ledger. let's say that leader mcconnell and vice president biden reach an agreement today, which i certainly hope they will, but that agreement clearly is just going to be on the revenue side. the majorit
i'm not going to raise the debt ceiling unless we get serious about keeping the country from becoming greece, saving social security and medicare. >> so, what senator graham is essentially outlining is that this is sort of a bargaining chip that the republican party does have. the debt limit today, we reach it, but we can get about another two months before we truly go over. do you agree with that sort of strategy that the debt limit be used as a way to kind of leverage more on the...